NRS 696B.360
Deposit of money.


1.

Except as otherwise provided in this section:

(a)

The money collected by the Commissioner in a proceeding under this chapter must be from time to time deposited in one or more state or national banks, savings banks, credit unions or trust companies, and in the case of the insolvency or voluntary or involuntary liquidation of any such depositary which is an institution organized and supervised under the laws of this state, such deposits are entitled to priority of payment on an equality with any other priority given by the banking laws of this state.

(b)

The Commissioner may deposit the money or any part thereof in a national bank, credit union or trust company as a trust fund.

2.

The Commissioner shall deposit in the State Insurance Fund any money collected in a proceeding under this chapter that is required to be held in trust by a successor organization of the State Industrial Insurance System by NRS 616B.042. The money must be used by the Commissioner for the payment of claims made against the successor organization under a policy of industrial insurance issued by that organization, and any administration costs and expenses related thereto. The payment of the claims must be made in accordance with the provisions of this chapter.

Source: Section 696B.360 — Deposit of money., https://www.­leg.­state.­nv.­us/NRS/NRS-696B.­html#NRS696BSec360.

696B.010
Short title.
696B.020
Applicability of chapter.
696B.030
Definitions.
696B.040
“Ancillary state” defined.
696B.050
“Creditor” defined.
696B.060
“Delinquency proceeding” defined.
696B.070
“Domiciliary state” defined.
696B.080
“Foreign country” defined.
696B.090
“General assets” defined.
696B.100
“Impairment” defined.
696B.110
“Insolvency” defined.
696B.120
“Insurer” defined.
696B.130
“Preferred claim” defined.
696B.140
“Receiver” defined.
696B.150
“Reciprocal state” defined.
696B.160
“Secured claim” defined.
696B.170
“Special deposit claim” defined.
696B.180
“State” defined.
696B.190
Jurisdiction of delinquency proceedings
696B.200
Jurisdiction over related persons and transactions
696B.210
Grounds for conservation or rehabilitation of domestic insurer or domiciled alien insurer.
696B.220
Grounds for liquidation of domestic insurer or domiciled alien insurer.
696B.230
Grounds for conservation: Foreign and alien insurers.
696B.240
Grounds for ancillary liquidation: Foreign and alien insurers.
696B.250
Commencement of proceeding.
696B.255
Commissioner as receiver, rehabilitator or liquidator authorized to appoint special deputies and advisory committee.
696B.260
Service of process.
696B.270
Injunctions.
696B.280
Uniform Insurers Liquidation Act and Insurer Receivership Model Act: Composition
696B.290
Conduct of delinquency proceedings against domestic insurers and certain alien insurers.
696B.300
Conduct of delinquency proceedings against foreign insurers.
696B.310
Claims of nonresidents against domestic insurers.
696B.320
Claims against foreign insurers.
696B.330
Form of claim
696B.332
Reporting and filing requirements of receiver
696B.334
Reporting and filing requirements of guaranty association
696B.340
Attachment and garnishment of assets
696B.350
Limitations on appointment of receiver
696B.360
Deposit of money.
696B.370
Exemption from fees.
696B.380
Borrowing on pledge of assets.
696B.390
Termination of conservation or rehabilitation.
696B.400
Date rights fixed on liquidation.
696B.410
Prohibited and voidable transfers and liens.
696B.412
Recovery by receiver of certain distributions on capital stock and payments to directors, officers and employees
696B.415
Disbursements to insurance guaranty associations
696B.420
Order of distribution of claims from estate of insurer on liquidation.
696B.430
Subordination of claims for failure to cooperate.
696B.440
Offsets.
696B.450
Allowance of certain claims.
696B.460
Time to file claims.
696B.470
Report and petition for assessment.
696B.480
Order and levy of assessment.
696B.490
Assessment prima facie correct
696B.500
Summary proceedings: Commissioner’s corrective orders authorized.
696B.510
Summary proceedings: Appeal from Commissioner’s order.
696B.520
Summary proceedings: Enforcement
696B.530
Summary proceedings: Seizure under court order.
696B.540
Summary proceedings: Seizure under Commissioner’s order.
696B.550
Summary proceedings: Conduct of administrative and judicial hearings.
696B.560
Summary proceedings: Penalty for refusal to deliver property and records.
696B.565
Officers, agents, employees and attorneys of Division: Immunity from liability
696B.570
Federal receivership.
Last Updated

Feb. 5, 2021

§ 696B.360’s source at nv​.us